Health Economics and Financing: Fundamentals and Flow of Funds

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9780471772590: Health Economics and Financing: Fundamentals and Flow of Funds
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A primer for the economic analysis of medical markets, this book utilizes a flow of funds approach to investigate the sources and uses of financing as well as the incentives and organizational structure of the health care system. It then takes a wider macroeconomic perspective in order to explore the dynamics of change within the health care system, and to explicitly consider determinants of national health spending and the role of governments in public and private health.

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From the Back Cover:

A PRACTICAL PRIMER TO THE DYNAMIC FIELD OF HEALTH ECONOMICS!

What is the value of life? What does it mean to trust a surgeon who profits in crises? Why does health care cost so much? Is insurance the solution to the high cost of health care, or is it part of the problem? Questions like these make health care economics one of the most fascinating field of study.

You don’t need a background in economics or a degree in mathematics to explore issues associated with allocating resources to medical care. With Thomas Getzen’s clearly written, down–to–earth approach to health economics, you can develop a thorough and practical understanding of the principles and concepts of how funds flow through the health care system.
Getzen, a leader in the field of health economics and current director if the International Health Economics Association, traces the economic rationale and development of medical care organizations, as well as the economic and political factors that have influenced them.

Highlights of the Second Edition:

  • New cases in each chapter illustrate the practical uses of economic theory.
  • New introductory material presents the principles of economics applied to health.
  • Features updated statistics, new problem sets, and Web links.
  • Covers the relationship of marketing to marginal cost.
  • Addresses triple tier pricing for pharmaceuticals.
  • Begins with a “flow of funds” approach to describing the incentives and organizational structure of the health care system.
  • Clear coverage of demand explains why value and price often are not proportionate.
  • Examines transactions among patients, physicians, and third parties to show how profits are made, costs are covered, contracts are written (or implied), and regulations are formed.
  • Outlines the continuing evolution of managed care in the United States.
  • Explores the dynamics of change within the health care system from a macroeconomics perspective.

 

About the Author:

Thomas E. Getzen is Professor ofRisk, Insurance andHealthManagement atTempleUniversity and the founder and Executive Director of iHEA, the International Health Economics Association. After receiving an undergraduate degree in literature from Yale University, he worked for the U.S.P.H.S. Centers for Disease Control Venereal Disease program in New York and Los Angeles, and then obtained an MHA degree in Medical Care Organization and Ph.D. in Economics from the University of Washington. Dr. Getzen s main research contributions have been in the areas of contracting, price indexes and forecasting of health care spending. His consulting work has included employee benefit negotiations, laboratory diagnostics, risk assessment, and capital financing for managed care. Dr. Getzen has been a visiting professor at the University of York (U.K.), theWharton School of the University of Pennsylvania, and the Center for Health and Wellbeing of the Woodrow Wilson School at Princeton University. He has served on the boards of Covenant House, a local community health center in Northwest Philadelphia, MSI Inc, a venture–capital financed managed behavioral health care corporation, Catholic Health East (CHE), a multi–institutional health provider system with over 60 hospitals and nursing homes. Dr. Getzen has written more than 80 papers in the field and serves on the editorial board of the journal Health Economics.

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